National Bankshares (NASDAQ:NKSH) Announces Quarterly Earnings Results, Misses Expectations By $0.01 EPS

National Bankshares (NASDAQ:NKSH) announced its quarterly earnings results on Thursday. The bank reported $0.79 EPS for the quarter, missing analysts’ consensus estimates of $0.80 by ($0.01), Zacks reports. National Bankshares had a return on equity of 10.79% and a net margin of 23.22%.The company had revenue of $15.70 million during the quarter, compared to analysts’ expectations of $15.65 million.

National Bankshares Trading Up 2.1%

NKSH stock opened at $36.64 on Friday. The stock has a market capitalization of $233.40 million, a PE ratio of 11.52 and a beta of 0.62. National Bankshares has a 12-month low of $27.00 and a 12-month high of $40.00. The stock’s 50 day simple moving average is $35.87 and its 200 day simple moving average is $36.30.

National Bankshares Announces Dividend

The company also recently disclosed a dividend, which was paid on Monday, June 1st. Investors of record on Tuesday, May 26th were issued a $0.75 dividend. This represents a yield of 427.0%. The ex-dividend date was Tuesday, May 26th. National Bankshares’s payout ratio is presently 54.55%.

Institutional Trading of National Bankshares

A number of institutional investors and hedge funds have recently modified their holdings of the business. State of Wyoming lifted its holdings in shares of National Bankshares by 18.2% during the fourth quarter. State of Wyoming now owns 1,965 shares of the bank’s stock valued at $66,000 after purchasing an additional 302 shares in the last quarter. Geode Capital Management LLC increased its holdings in National Bankshares by 0.3% in the 4th quarter. Geode Capital Management LLC now owns 153,310 shares of the bank’s stock worth $5,143,000 after buying an additional 533 shares in the last quarter. BNP Paribas Financial Markets raised its position in National Bankshares by 45.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 2,067 shares of the bank’s stock worth $61,000 after buying an additional 643 shares during the last quarter. Barclays PLC raised its position in National Bankshares by 10.7% in the 4th quarter. Barclays PLC now owns 10,425 shares of the bank’s stock worth $350,000 after buying an additional 1,006 shares during the last quarter. Finally, State Street Corp raised its position in National Bankshares by 1.7% in the 4th quarter. State Street Corp now owns 82,364 shares of the bank’s stock worth $2,762,000 after buying an additional 1,364 shares during the last quarter. Institutional investors own 29.73% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Weiss Ratings raised shares of National Bankshares from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, July 9th. Wall Street Zen raised shares of National Bankshares from a “sell” rating to a “hold” rating in a research report on Saturday, April 4th. Finally, Zacks Research downgraded National Bankshares from a “strong-buy” rating to a “hold” rating in a report on Friday, June 26th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy”.

About National Bankshares

National Bankshares, Inc is a Virginia-based bank holding company headquartered in Reston. Through its primary subsidiaries, National Bank of Blacksburg and The Bank of Giles and Montgomery, the company offers a full suite of community banking services to individuals, small businesses and nonprofit organizations.

The company’s core activities include deposit-taking, consumer and commercial lending, mortgage origination and servicing, trust and wealth management, and electronic banking platforms.